Hacking News
Kimchi Promotion Ends in Token Collapse
Trader Kimchi removed Pump.fun from his bio after reportedly receiving 1.35 billion PUMP tokens worth about $6.25 million. The promotion linked to Pump.fun co-founder Alon disappeared, causing the KIMCHI token to crash 95% and lose more than 98% of its value. Lookonchain flagged $385,000 in suspected trading profits.